WASHINGTON TRUST Co Has $86,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

WASHINGTON TRUST Co grew its stake in Vertiv Holdings Co (NYSE:VRT) by 35.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 760 shares of the company’s stock after buying an additional 200 shares during the quarter. WASHINGTON TRUST Co’s holdings in Vertiv were worth $86,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its position in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares during the last quarter. Accurate Wealth Management LLC lifted its position in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after purchasing an additional 87 shares during the last quarter. Allworth Financial LP lifted its position in shares of Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after purchasing an additional 100 shares during the last quarter. Bouvel Investment Partners LLC lifted its position in shares of Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after purchasing an additional 117 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Vertiv by 16.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 1.0 %

Shares of VRT opened at $108.18 on Friday. The company has a market capitalization of $40.60 billion, a P/E ratio of 72.12, a PEG ratio of 0.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The business’s 50 day simple moving average is $122.86 and its 200-day simple moving average is $108.58.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same period in the prior year, the company posted $0.56 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s payout ratio is presently 7.81%.

Insiders Place Their Bets

In other news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on VRT. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. UBS Group assumed coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Finally, Barclays lowered their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.